date:May 04, 2012
er gas prices, according to Kevin Penner, AgTrader Talk, LLC, cattle analyst.
Normally, the summer months offer a spike, as U.S. consumers grill steaks and other beef cuts. This helps trim supply, and it ignites a turn higher for cattle prices.
Market watchers still consider, as a major market factor, the devastating drought that Texas cattle producers endured last year, resulting in tight U.S. supplies. But weak economics is being equated to slower beef demand in 2012.
If I had to point to